Market Drive, Inc. announced that it has received funding from Vega Corporation Co., Ltd.
April 10, 2017
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Market Drive, Inc. announced that it has received a round of equity funding from Vega Corporation Co., Ltd. (TSE:3542) on April 10, 2017. The company has issued capital of ¥30,560,00 till date. The company signed an investment contract with the investor. Post the closing, the investor holds a stake of 2.3% in the company.
Vega Corporation Co Ltd is a Japan-based company engaged in the Internet mail-order business of furniture and interior goods and operates a cross-border e-commerce platform (e-commerce business) targeting the cross-border market. The Company is engaged in online mail-order business, wholesale sales, and physical stores of furniture and interior goods through its own stores on its own website and stores in major Internet malls such as Rakuten Ichiba, Amazon, and Yahoo!. The Company also operates a cross-border e-commerce platform (DOKODEMO) targeting the cross-border market.